What is LIC and its function?
LIC is known as India's largest national life insurance and investment company. LIC's main mission is to raise funds from people through various life insurance policies and then invest in the global financial markets and various government securities.
What does LIC mean in business?
Listed investment companies (LICs) and listed investment trusts (LITs) offer exposure to a broader range of assets per transaction. The investing approach and underlying assets will vary. So make sure you understand how the company or trust is investing your money.
What does LIC mean after a name?
Lic is an abbreiviation for Licenciado which means a person has a college degree which commonly is in law but can also be in commerce or tourism so all abogados are licenciados but not all licenciados are abogados.
What is full form LIC?
The abbreviation LIC stands for Life Insurance Corporation of India.